Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.
So far, the digital yuan is already under trial in four cities: Xiongan New Area in North China’s Hebei province, Shenzhen in South China’s Guangdong province, Suzhou in East China’s Jiangsu province, and Chengdu in Southwest China’s Sichuan province. Furthermore, it will also be tested during the 2022 Winter Olympics games in Beijing, and be expanded to other regions as appropriate, the ministry added.
Continue read: https://thepaypers.com/cryptocurrencies/major-chinese-cities-announce-testing-of-central-bank-digital-currency–1244267
